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CSPAN
Feb 10, 2013 2:00am EST
fisher, a u.s. economist. he david a. spending tax -- he favored a spendings tax. the secretary of the treasury proposed such a tax in 1942 and was laughed out of consideration. anyway, who was a proponent of that. then there was nicolas caldor wrote a book in 1955. the bees on that came from both the right and left. it was exempt savings and to help growth and not worry about progressivity so much. from the leftfromcaldor -- from the left, caldor view it as a way of getting at the waltealth. now we go onto more modern proposals. starting in the 1970's's. 1976, the treasury put out a tax reform proposal. there were two model taxes. the author of that study was pushing the consumption tax idea. the book caught a lot of attention. that was an individual tax with deductions for savings. in a big influence on that was a harvard professor who was an advocate of a consumption tax. this is surfaced later in a proposal that of the 1990's call the usa tax in which my colleague was one of the designers. a second idea that was popular was the flat tax, a book by professors at stanford originally
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